Sec. 17.856. CONSIDERATION IN PASSING ON APPLICATION FOR FINANCIAL ASSISTANCE. In passing on an application for financial assistance for a participant, the board shall consider:
(1) the needs of the area to be served by the project;
(2) the availability to the participant of revenues, taxes, or a combination of revenues and taxes for payment of the acquired obligations of the participant; and
(3) the costs to be incurred in the development, construction, and operation of the project.
Added by Acts 1987, 70th Leg., ch. 420, Sec. 3, eff. June 17, 1987.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Subchapter I. Revenue Bond Program
Section 17.853. Texas Water Resources Fund
Section 17.854. Methods of Financial Assistance
Section 17.855. Financial Assistance by Acquisition of Acquired Obligations
Section 17.856. Consideration in Passing on Application for Financial Assistance
Section 17.857. Approval of Application